by Ramki | May 30, 2010 | Saudi Stocks Outlook
There are few other approaches to the financial markets that serve us better than Elliott Wave Analysis. As I have said so often, an extended 5th wave can make us rich. Take SABIC for example. Just as recently as 12th May I had warned of a sell off to 75. At that time...
by Ramki | May 25, 2010 | Indian Stocks Trading
I am bearish for DLF (a much followed Indian Stock) and expect it to reach at least 215. However, the better level to sell will be near 290.00 Take a look at the chart where I have given detailed elliott wave analysis of DLF. Clearly, there is a preferred level to...
by Ramki | May 12, 2010 | Dubai Stocks Outlook
Abu Dhabi Commercial Bank is an important player in the emirate of Abu Dhabi. Elliott wave analysis of its stock shows we could potentially have seen a medium term low and so long as we don’t break below the recent lows, we could well have a multibagger in our hands....
by Ramki | May 12, 2010 | Dubai Stocks Outlook
Elliott Wave Analysis of EMAR Dubai is more challenging than some other stocks because Emar has been moving sideways for a while. This bellwether stock of the UAE still looks a bit soft to me and think we could get a dip as part of a B wave before the next rally can...
by Ramki | May 12, 2010 | Saudi Stocks Outlook
Here is the Elliott Wave Analysis of Saudi Basic Industries Corporation, or SABIC. Actually there are two charts that I would like you to see. The first is a monthly chart that shows the huge 5-wave rally to 252.61 has been corrected by a 3-wave decline. Wave B...
by Ramki | May 12, 2010 | Saudi Stocks Outlook
Here I present you with elliott wave analysis of Al Rajhi Bank, Saudi Arabia. As you can see, this stock too has behaved quite technically in the past, and elliott wave analysis suggests that we will eventually get a move that will take us to the previous fourth wave...